Should I buy or sell Canfor stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canfor in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CFP shares. View CFP analyst ratings or view top-rated stocks .

What is Canfor's stock price target for 2024?

4 brokerages have issued twelve-month target prices for Canfor's shares. Their CFP share price targets range from C$23.00 to C$29.00. On average, they expect the company's stock price to reach C$25.00 in the next year. This suggests a possible upside of 62.0% from the stock's current price. View analysts price targets for CFP or view top-rated stocks among Wall Street analysts .

How have CFP shares performed in 2023?

Canfor's stock was trading at C$21.31 at the beginning of 2023. Since then, CFP stock has decreased by 27.6% and is now trading at C$15.43. View the best growth stocks for 2023 here .

When is Canfor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024. View our CFP earnings forecast .

How were Canfor's earnings last quarter?

Canfor Co. (TSE:CFP) released its quarterly earnings results on Thursday, November, 2nd. The company reported ($0.16) EPS for the quarter, beating analysts' consensus estimates of ($0.69) by $0.53. The firm had revenue of $1.31 billion for the quarter. Canfor had a negative trailing twelve-month return on equity of 9.77% and a negative net margin of 7.56%.

What other stocks do shareholders of Canfor own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canfor investors own include West Fraser Timber Co. Ltd. (WFT.TO) (WFT) , Air Canada (AC) , Interfor (IFP) , Toronto-Dominion Bank (TD) , Canadian National Railway (CNR) , Dollarama (DOL) , Bank of America (BAC) , Kinaxis (KXS) , Magna International (MG) and TELUS (T) .

How do I buy shares of Canfor?

Shares of CFP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Canfor Stock Price, News & Analysis (TSE:CFP)

C$15.55

-0.24 (-1.52%)

(As of 04:21 PM ET)

Compare

Today's Range: C$15.26
▼
C$15.80
50-Day Range: C$14.07
▼
C$17.52
52-Week Range: C$13.41
▼
C$27.36

Volume: 223,911 shs
Average Volume: 189,933 shs
Market Capitalization: C$1.86 billion

P/E Ratio: N/A
Dividend Yield: 2.38%
Price Target: C$25.00

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines

Canfor MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 62.0% Upside
C$25.00 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Canfor has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$25.00, Canfor has a forecasted upside of 62.0% from its current price of C$15.43.
Amount of Analyst Coverage
Canfor has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CFP.

0.8

Dividend Strength

Dividend Yield
Canfor pays a meaningful dividend of 2.38%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Canfor does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CFP.

1.9

News and Social Media Coverage

News Sentiment
Canfor has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Canfor this week, compared to 0 articles on an average week.
MarketBeat Follows
Only 1 people have added Canfor to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canfor insiders have not sold or bought any company stock.
Percentage Held by Insiders
53.15% of the stock of Canfor is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 17.82% of the stock of Canfor is held by institutions.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canfor is -4.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canfor is -4.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Canfor has a P/B Ratio of 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Canfor Stock (TSE:CFP)

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells finger-jointed lumber, engineered wood products, wood chips and pellets, and logs, as well as custom specialty products, including strength-rated trusses, beams, and tongue-and-groove timber; and generates green energy. It also produces and sells pulp and paper products, including bleached and unbleached softwood kraft pulp, as well as bleached, colored, and unbleached kraft paper. The company was founded in 1938 and is headquartered in Vancouver, Canada.

CFP Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CFP Stock News Headlines

December 7, 2023 | finance.yahoo.com

VIDA to invest in Bruza Sawmill in Hjältevad, Sweden

November 30, 2023 | americanbankingnews.com

Brokers Set Expectations for Canfor Co.'s FY2023 Earnings (TSE:CFP)

December 8, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 28, 2023 | americanbankingnews.com

FY2025 Earnings Forecast for Canfor Co. (TSE:CFP) Issued By Raymond James

November 15, 2023 | usatoday.com

Why can't unbeaten James Madison appear in the CFP rankings? It's not an option for the Dukes

November 14, 2023 | finance.yahoo.com

Canfor Announces Extended Curtailment at Polar Sawmill

November 9, 2023 | morningstar.com

Canfor Corp CFP

October 24, 2023 | seekingalpha.com

CFP:CA Canfor Corporation

December 8, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

October 22, 2023 | theglobeandmail.com

Canfor: Top 10 Undervalued Forest Products Industry Stocks (CFP)

October 13, 2023 | msn.com

3 Oversold Stocks to Buy Before They Surge

October 5, 2023 | finance.yahoo.com

Canfor (TSE:CFP shareholders incur further losses as stock declines 6.6% this week, taking five-year losses to 25%

September 25, 2023 | forbes.com

Convert CFP Franc To United States Dollar

September 25, 2023 | finance.yahoo.com

VIDA to acquire Sawmill in Ingarp, Sweden

September 25, 2023 | msn.com

Canfor's Vida signs deal to buy sawmill in Sweden for $6 million

September 14, 2023 | theglobeandmail.com

Closing Bell: Canfor Corp up on Thursday (CFP)

September 14, 2023 | finance.yahoo.com

Canfor to Build New State-of-the-Art Mill in Houston, BC

August 29, 2023 | sports.yahoo.com

After Pac-12's implosion, College Football Playoff format set for another shakeup

July 28, 2023 | finance.yahoo.com

CANFOR REPORTS RESULTS FOR SECOND QUARTER OF 2023

June 30, 2023 | finance.yahoo.com

Canfor Corporation's (TSE:CFP) biggest owners are private companies who got richer after stock soared 11% last week

June 3, 2023 | finance.yahoo.com

Is There An Opportunity With Canfor Corporation's (TSE:CFP) 31% Undervaluation?

May 23, 2023 | theglobeandmail.com

Closing Bell: Canfor Corp down on Friday (CFP)

May 7, 2023 | finance.yahoo.com

Canfor First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

May 6, 2023 | finance.yahoo.com

Analysts Are Updating Their Canfor Corporation (TSE:CFP) Estimates After Its First-Quarter Results

May 3, 2023 | finance.yahoo.com

CANFOR REPORTS RESULTS FOR FIRST QUARTER OF 2023

April 26, 2023 | finance.yahoo.com

Recent 5.0% pullback isn't enough to hurt long-term Canfor (TSE:CFP) shareholders, they're still up 119% over 3 years

April 14, 2023 | theglobeandmail.com

Closing Bell: Canfor Corp up on Friday (CFP)

See More Headlines

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Sign-up to receive the latest news and ratings for Canfor and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 11/02/2023
Today: 12/08/2023
Next Earnings (Estimated): 2/27/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Lumber & Wood Production
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:CFP
CUSIP: N/A
CIK: N/A
Web: www.canfor.com
Phone: +1-604-6615241
Fax: N/A
Employees: 7,908
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$25.00
High Stock Price Target: C$29.00
Low Stock Price Target: C$23.00
Potential Upside/Downside: +60.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($3.40)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 16.20
P/E Growth: N/A
Net Income: C$-416,900,000.00
Net Margins: -7.56%
Pretax Margin: N/A
Return on Equity: -9.77%
Return on Assets: -4.56%

Debt

Debt-to-Equity Ratio: 9.53
Current Ratio: 2.64
Quick Ratio: 2.14

Sales & Book Value

Annual Sales: C$5.52 billion
Price / Sales: 0.34
Cash Flow: C$8.67 per share
Price / Cash Flow: 1.79
Book Value: C$32.89 per share
Price / Book: 0.47

Miscellaneous

Outstanding Shares: 119,460,000
Free Float: N/A
Market Cap: C$1.86 billion
Optionable: Not Optionable
Beta: 2.04

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Key Executives

Mr. Donald B. Kayne (Age 65)
President, CEO & Director
Comp: $2.51M
Mr. Patrick A. J. Elliott
CFO & Senior VP of Sustainability
Mr. David M. Calabrigo (Age 64)
Senior VP of Corporate Development & Legal Affairs and Corporate Secretary
Comp: $1.54M
Mr. Kevin Pankratz
Senior Vice President of Sales & Marketing
Mr. Stephen MacKie
Executive Vice President of North American Operations
Mr. Daniel Barwin
Director of Corporate Finance
Jim Bogle
Vice President of Technology & Digital
Ms. Michelle Ward
Vice President of Corporate Communications
Ms. Katy Player
Senior Vice President of People
Ms. Susan L. Yurkovich B.A. (Age 57)
M.B.A., Senior Vice President of Global Business Development

Key Competitors

View All Competitors

CFP Stock Analysis - Frequently Asked Questions

Should I buy or sell Canfor stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canfor in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CFP shares.
View CFP analyst ratings or view top-rated stocks.
What is Canfor's stock price target for 2024?: 4 brokerages have issued twelve-month target prices for Canfor's shares. Their CFP share price targets range from C$23.00 to C$29.00. On average, they expect the company's stock price to reach C$25.00 in the next year. This suggests a possible upside of 62.0% from the stock's current price.
View analysts price targets for CFP or view top-rated stocks among Wall Street analysts.
How have CFP shares performed in 2023?: Canfor's stock was trading at C$21.31 at the beginning of 2023. Since then, CFP stock has decreased by 27.6% and is now trading at C$15.43.
View the best growth stocks for 2023 here.
When is Canfor's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our CFP earnings forecast.

How were Canfor's earnings last quarter?: Canfor Co. (TSE:CFP) released its quarterly earnings results on Thursday, November, 2nd. The company reported ($0.16) EPS for the quarter, beating analysts' consensus estimates of ($0.69) by $0.53. The firm had revenue of $1.31 billion for the quarter. Canfor had a negative trailing twelve-month return on equity of 9.77% and a negative net margin of 7.56%.
What other stocks do shareholders of Canfor own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Canfor investors own include West Fraser Timber Co. Ltd. (WFT.TO) (WFT), Air Canada (AC), Interfor (IFP), Toronto-Dominion Bank (TD), Canadian National Railway (CNR), Dollarama (DOL), Bank of America (BAC), Kinaxis (KXS), Magna International (MG) and TELUS (T).
How do I buy shares of Canfor?: Shares of CFP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CFP) was last updated on 12/8/2023 by MarketBeat.com Staff

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Canfor Stock Price, News & Analysis (TSE:CFP)

Canfor MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canfor Stock (TSE:CFP)

CFP Stock Price History

CFP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CFP Stock Analysis - Frequently Asked Questions

Overall MarketRank^™